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Design Decisions under Uncertainty with Limited Information
Structures and Infrastructures Book Series, Vol. 7
Risk-Based Decision Making in Business
Today's business environment involves design decisions with significant uncertainty. To succeed, decision-makers should replace deterministic methods with a risk-based approach that accounts for the decision maker's risk tolerance.
In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a
